228 Westfield Ave · Bridgeport, CT 06606

$224,990

3 bd · 1.5 ba · 2,324 sqft · SingleFamily public records · 9 Days on market

Built 1935 5,227 sqft lot $97/sqft · 50% below area Est $449k · 50% under

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• ARV discount +15.0/15.0
• 1% rule +7.8/10.0
• DSCR +7.6/10.0
• Livability +4.0/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

UPDATE: MULTIPLE OFFERS, PLEASE SUBMIT YOUR HIGHEST AND BEST BY MAY 5th 4:00, OFFER WILL BE CALLED BY END OF DAY. 228 Westfield Ave, Bridgeport, CT 06606 Attention investors, contractors, and flippers: this is a full renovation project being sold as-is. The property is in very distressed condition and will require extensive work, including but not limited to mold remediation, mechanicals, structural evaluation, and complete interior/exterior updates. This is an estate sale. Neither the estate nor the listing agent makes any representations or warranties regarding the condition of the property. Prospects are responsible for all DD. Walkthrus: Group walkthru's only on Saturday and Sunday from

Key facts

• 5,227 sq ft lot
• Built 1935
• Listed 9 days

Property features AI

Finance

• Financial info: Assessed value listed as $161,000

Exterior

• Utilities: Public water connected; Public sewer connected; Heat fuel listed as none
• Home design: Single-family home
• Construction: Frame construction; Concrete foundation; Asphalt shingle roof; Built area approximately 2,324 (public record)
• Exterior features: Shingle exterior siding

Interior

• Bedrooms: Three bedrooms
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Steam heat; No hot water indicated
• Interior features: Six total rooms; One fireplace; Full, unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $423 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 8.6% vs local median 5.0% in Bridgeport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#15 in CT, #1,374 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D+, schools D-.
• Bridgeport School District (urban): math 9% / reading 19% proficiency, ranked #151 of 153 in CT (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 97% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.1%/yr); 152 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $2,886/mo this rent would consume 47% of the median local household income ($73k/yr) (locally 2163% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 41% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,990

Questions for the listing agent

1. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.06%
• DSCR: 1.36
• GRM: 6.5

CMA / ARV

• ARV (median comp): $449,454
• List price: $224,990
• Delta: -49.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
350 Amsterdam Ave	0.08mi	3/2.0	2,314 (-0%)	10mo	$400,000	$173	85
260 Birmingham St	0.39mi	3/1.0	2,353 (+1%)	6mo	$395,000	$168	72
936 Lindley St	0.48mi	3/2.5	2,204 (-5%)	2mo	$322,000	$146	63
954 Birmingham St	0.71mi	3/1.5	2,346 (+1%)	7mo	$475,000	$202	59
145 Arlington St	0.54mi	3/2.0	2,248 (-3%)	11mo	$475,000	$211	58
545 Burnsford Ave	0.51mi	4/2.5 (+1)	2,340 (+1%)	10mo	$410,000	$175	58
260 Toilsome Pl	0.61mi	3/3.0	2,403 (+3%)	3mo	$560,000	$233	58
39 Infield St	0.62mi	3/2.5	2,244 (-3%)	6mo	$530,000	$236	56
110 Quince St	0.24mi	3/2.5	2,010 (-14%)	7mo	$400,000	$199	56
3450 Park Ave	0.75mi	3/1.5	2,461 (+6%)	6mo	$485,000	$197	51
125 Sampson St	0.54mi	3/2.0	2,039 (-12%)	7mo	$475,000	$233	47
932 Thorme St	0.66mi	4/3.0 (+1)	2,161 (-7%)	1mo	$545,000	$252	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.12% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-8,921
• Equity at exit: $33,547

10-year hold

• IRR: 6.2%
• Equity multiple: 1.47×
• Total profit: $29,310
• Equity at exit: $19,453

Cash invested: $62,997 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06606

• Rents YoY: 3.1%
• Active inventory: 152
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,886 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$583 /mo · $6,995/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$606
• Net cashflow: $423

Break-even live

Break-even rent $2,350

Max offer price $224,990

Occupancy floor 80%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $56,248
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
234 Savoy St Unit 2 Bridgeport, CT	2.0	1.0	2408	$2,800	$1.16	23d	1	0.09mi
60 Westfield Ave Bridgeport, CT	2.0	1.0	2997	$2,500	$0.83	23d	1	0.16mi
183 Harlem Ave Unit 1 Bridgeport, CT	3.0	1.0	2980	$2,400	$0.81	23d	1	0.17mi
415 Savoy St Bridgeport, CT	3.0	3.0	1850	$3,500	$1.89	43d	1	0.20mi
57 Robin St Unit 57 Bridgeport, CT	3.0	1.0	1900	$2,400	$1.26	23d	1	0.35mi
123 Harmony St Bridgeport, CT	3.0	1.0	2000	$2,500	$1.25	43d	1	0.43mi
28 Higgins Ave Bridgeport, CT	2.0	1.0	1828	$2,200	$1.20	3d	1	0.48mi
765 Hart St Bridgeport, CT	4.0	2.5	2730	$4,600	$1.68	43d	1	0.52mi
100 Garfield Ave Unit 2 Bridgeport, CT	3.0	1.0	3184	$1,900	$0.60	3d	1	0.55mi
466 Merritt St Bridgeport, CT	2.0	1.0	1650	$1,800	$1.09	43d	1	0.55mi
294 Garfield Ave Unit 2 Bridgeport, CT	3.0	1.0	3202	$2,300	$0.72	3d	1	0.56mi
125 High Ridge Dr Bridgeport, CT	4.0	1.5	2160	$3,400	$1.57	2d	1	0.56mi
28-30 Sampson St Unit 4 Bridgeport, CT	2.0	1.0	3248	$2,200	$0.68	3d	1	0.58mi
8 High Ridge Dr Bridgeport, CT	2.0	1.0	1700	$2,100	$1.24	23d	1	0.59mi
3200 Park Ave Unit 4D Bridgeport, CT	2.0	2.0	2360	$3,100	$1.31	11d	1	0.63mi
22 Infield St Unit 22 Bridgeport, CT	3.0	2.5	2688	$3,500	$1.30	3d	1	0.64mi
318 Valley Ave Bridgeport, CT	4.0	2.0	1718	$3,250	$1.89	23d	1	0.67mi
340 Pleasantview Ave Unit 2nd/3rd floors Bridgeport, CT	4.0	2.0	1728	$3,000	$1.74	43d	1	0.71mi
191 Parrott Ave Unit 1 Bridgeport, CT	3.0	1.0	2662	$2,000	$0.75	43d	1	0.74mi
574 Chopsey Hill Rd Unit A Bridgeport, CT	3.0	2.0	2304	$2,800	$1.22	14d	1	0.75mi
120 Englewood Ave Bridgeport, CT	4.0	2.0	1675	$3,650	$2.18	3d	1	0.76mi
95 Parrott Ave Bridgeport, CT	4.0	1.0	1782	$3,450	$1.94	23d	1	0.83mi
15 Overland Ave Bridgeport, CT	3.0	2.5	1713	$4,700	$2.74	43d	1	0.89mi
2445 Park Ave #10 Bridgeport, CT	3.0	2.5	2043	$3,650	$1.79	10d	1	0.91mi
69 Platt Pl Bridgeport, CT	3.0	3.5	2376	$4,400	$1.85	2d	1	0.97mi
52-54 Ives Ct Bridgeport, CT	4.0	1.0	2092	$2,750	$1.31	43d	1	1.04mi
192 Frenchtown Rd Bridgeport, CT	3.0	3.5	1744	$4,200	$2.41	43d	1	1.17mi
70 Hawthorne St Bridgeport, CT	3.0	1.5	2376	$3,500	$1.47	43d	1	1.19mi
111 Arcadia Ave Bridgeport, CT	4.0	1.5	2010	$4,000	$1.99	2d	1	1.25mi
1231 Norman St Unit 3 Bridgeport, CT	2.0	1.0	2630	$1,850	$0.70	23d	1	1.32mi
831-833 William St Unit 3 Bridgeport, CT	2.0	1.0	3366	$2,200	$0.65	43d	1	1.34mi
831-833 William St Unit 2 Bridgeport, CT	3.0	1.0	3366	$2,200	$0.65	43d	1	1.34mi
1254 Reservoir Ave Bridgeport, CT	3.0	1.0	2576	$2,500	$0.97	43d	1	1.35mi
65-67 Palm St Unit 2nd Floor Bridgeport, CT	3.0	1.0	3042	$2,200	$0.72	43d	1	1.37mi
64 Hickory St Bridgeport, CT	4.0	3.0	2870	$4,400	$1.53	43d	1	1.38mi
95-97 Locust St Bridgeport, CT	2.0	1.0	2048	$1,800	$0.88	43d	1	1.41mi
690 William St Unit 2 Bridgeport, CT	3.0	1.0	1746	$2,200	$1.26	23d	1	1.41mi
93-95 Alpine St Bridgeport, CT	2.0	1.0	1720	$1,900	$1.10	43d	1	1.43mi
149-151 Shelton St Unit 151 Bridgeport, CT	2.0	1.0	2156	$2,000	$0.93	43d	1	1.43mi
508 Pequonnock St Bridgeport, CT	2.0	1.0	2718	$1,800	$0.66	43d	1	1.45mi

Listing history 2 events

1. 2026-05-06
   status Under Contract 841-char remark
2. 2026-04-27
   listed $224,990 Active 841-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $6,995 · $583/mo
• Projected year-2 tax: $6,995 · $583/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,630
• − Mortgage interest: −$12,603
• − Property taxes: −$6,995
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,770
• − Management: −$2,770
• − Depreciation: −$6,545
• Taxable income: $1,821
• Est. tax owed @ 24.0%: −$437
• After-tax cash flow: $4,642/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeport School District
• NCES district ID: 0900450
• Math proficiency: 9% ▼ -7.00%
• Reading proficiency: 19% ▼ -10.00%
• Median HH income: $41,507
• Composite: 12.09/100
• National rank: #9656
• State rank: #151 of 153 in CT

Livability — Bridgeport

• Score: 81/100
• State rank: #15
• US rank: #1374

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C- Employment D+ Housing A Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, CT
• County: Fairfield County · 765,532 people
• City population: 149,153
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 49,308
• Household income: $73,372
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 2163.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 37% White 31% Black 19% Two or more races 11% Asian 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 12% Dominican 4%
• Common ancestry: Estonian 5% Russian 4% Romanian 3%
• Foreign-born: 37% · Canada, Jamaica, Vietnam
• Languages at home: 50% English-only · Spanish 27% Other Indo-European 15% French/Haitian/Cajun 2%

Political lean MEDSL · Greater Bridgeport

• 2024 margin: Strong D (+23.3) · D 60.9% · R 37.6% · Other 1.5%
• All cycles: 2024: D+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -270.11%
• Current HPI: 345.647
• Rent YoY: ▲ 3.12%
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

2 events — show timeline

• 2026-05-06 Pending — Smart MLS
• 2026-04-27 Listed $224,990 Smart MLS

Property tax history

+1.1%/yr

Latest (2023): $6,995 · +0.0% YoY. Source: county tax records.